Retirement Systems of Alabama Sells 3,098 Shares of The Mosaic Company (NYSE:MOS)

Retirement Systems of Alabama trimmed its stake in The Mosaic Company (NYSE:MOS) by 4.1% in the fourth quarter, Holdings Channel reports. The firm owned 72,034 shares of the basic materials company’s stock after selling 3,098 shares during the quarter. Retirement Systems of Alabama’s holdings in Mosaic were worth $2,574,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Denali Advisors LLC increased its holdings in Mosaic by 100.5% during the fourth quarter. Denali Advisors LLC now owns 826 shares of the basic materials company’s stock worth $30,000 after buying an additional 414 shares during the last quarter. Janiczek Wealth Management LLC increased its stake in shares of Mosaic by 28.0% during the 4th quarter. Janiczek Wealth Management LLC now owns 1,455 shares of the basic materials company’s stock worth $52,000 after purchasing an additional 318 shares during the last quarter. NBC Securities Inc. bought a new stake in shares of Mosaic in the 3rd quarter valued at about $57,000. Planned Solutions Inc. acquired a new stake in Mosaic in the 4th quarter valued at about $65,000. Finally, CVA Family Office LLC bought a new position in Mosaic during the fourth quarter worth about $79,000. Institutional investors and hedge funds own 77.54% of the company’s stock.

Analyst Ratings Changes

A number of analysts have recently issued reports on the company. Piper Sandler cut their price objective on Mosaic from $32.00 to $29.00 and set an “underweight” rating for the company in a research report on Tuesday. Royal Bank of Canada dropped their price objective on shares of Mosaic from $35.00 to $32.00 and set a “sector perform” rating on the stock in a research report on Monday. Mizuho reduced their target price on shares of Mosaic from $34.00 to $33.00 and set a “neutral” rating for the company in a report on Friday, May 3rd. TheStreet lowered Mosaic from a “b-” rating to a “c+” rating in a research note on Tuesday, February 6th. Finally, Wolfe Research assumed coverage on shares of Mosaic in a research note on Friday, March 1st. They issued an “outperform” rating and a $39.00 price objective for the company. Two research analysts have rated the stock with a sell rating, seven have given a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $38.57.

Mosaic Price Performance

Mosaic stock opened at $29.89 on Wednesday. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.51 and a current ratio of 1.16. The Mosaic Company has a 52 week low of $27.83 and a 52 week high of $42.81. The stock has a market capitalization of $9.62 billion, a P/E ratio of 12.72 and a beta of 1.51. The stock has a fifty day moving average of $31.33 and a 200-day moving average of $32.93.

Mosaic (NYSE:MOS) last issued its earnings results on Wednesday, May 1st. The basic materials company reported $0.65 EPS for the quarter, missing the consensus estimate of $0.66 by ($0.01). Mosaic had a return on equity of 8.23% and a net margin of 6.07%. The business had revenue of $2.68 billion for the quarter, compared to analyst estimates of $2.88 billion. During the same period in the previous year, the firm posted $1.14 EPS. The firm’s revenue was down 25.7% compared to the same quarter last year. On average, sell-side analysts expect that The Mosaic Company will post 2.78 earnings per share for the current fiscal year.

Mosaic Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, June 20th. Shareholders of record on Thursday, June 6th will be given a $0.21 dividend. The ex-dividend date of this dividend is Thursday, June 6th. This represents a $0.84 dividend on an annualized basis and a yield of 2.81%. Mosaic’s dividend payout ratio is currently 35.74%.

About Mosaic

The Mosaic Company, through its subsidiaries, produces and markets concentrated phosphate and potash crop nutrients in North America and internationally. The company operates through three segments: Phosphates, Potash, and Mosaic Fertilizantes. It owns and operates mines, which produce concentrated phosphate crop nutrients, such as diammonium phosphate, monoammonium phosphate, and ammoniated phosphate products; and phosphate-based animal feed ingredients primarily under the Biofos and Nexfos brand names, as well as produces a double sulfate of potash magnesia product under K-Mag brand name.